A Turning Point for Political Economy
By Gita Bhatt
Five months ago we set out to write in this issue of Finance & Development about political economy—how politics affects the economy and the economy affects politics. Few suspected then that, instead of exploring an academic question, we would be witnessing real-world political economy dynamics unfolding, tragically, in real time. The pandemic, with its appalling loss of life, has brought the Great Lockdown and frozen the wheels of commerce. People’s lives have been turned ups… … More